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Jun 18, 2026 12:00 PM

Why Is IBM Stock Declining On Thursday?

International Business Machines Corp. (NYSE:IBM) shares fell during Thursday trading after sector peer Accenture plc (NYSE:ACN) lowered its fiscal guidance, triggering a broader selloff across the information technology services market.

Accenture Alters Fiscal 2026 Projections

Accenture altered its fiscal 2026 financial guidance before the market opened on Thursday.

The company narrowed its full-year sales guidance to a range of $71.763 billion to $72.460 billion, down from the previous range of $71.763 billion to $73.157 billion.

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Wall Street analysts maintain an annual revenue estimate of $74.006 billion.

Concurrently, Accenture raised its full-year adjusted EPS guidance to a range of $13.65 to $13.90, ...